Siemens reports leap in profits in 2016/17 financial year

Net profits at the group, whose products range from wind turbines to trains to medical equipment

German industrial behemoth Siemens reported a leap in profits in its 2016/17 financial year, meeting its own forecasts as the group continues a long-term restructuring.

Net profits at the group, whose products range from wind turbines to trains to medical equipment, grew to 6.0 billion euros ($7 billion), up 11 percent compared with the previous year.

Source:AFP